Utah Retirement Systems increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 184,199 shares of the semiconductor company’s stock after buying an additional 200 shares during the period. Utah Retirement Systems’ holdings in Texas Instruments were worth $14,840,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc raised its stake in Texas Instruments by 5.1% in the first quarter. Legal & General Group Plc now owns 5,015,288 shares of the semiconductor company’s stock worth $404,036,000 after buying an additional 242,061 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Texas Instruments by 1.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,482,032 shares of the semiconductor company’s stock worth $280,511,000 after buying an additional 52,455 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Texas Instruments by 10.0% in the first quarter. WINTON GROUP Ltd now owns 221,383 shares of the semiconductor company’s stock worth $15,537,000 after buying an additional 20,055 shares during the last quarter. FDO Partners LLC raised its stake in shares of Texas Instruments by 179.4% in the first quarter. FDO Partners LLC now owns 25,066 shares of the semiconductor company’s stock worth $2,019,000 after buying an additional 16,094 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Texas Instruments by 115.8% in the first quarter. Stephens Inc. AR now owns 22,827 shares of the semiconductor company’s stock worth $1,839,000 after buying an additional 12,250 shares during the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments Incorporated (NASDAQ TXN) traded up 0.8348% during mid-day trading on Monday, reaching $82.1098. The company’s stock had a trading volume of 730,894 shares. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65. The firm has a market capitalization of $81.43 billion, a PE ratio of 20.4050 and a beta of 1.21. The firm has a 50-day moving average of $79.91 and a 200-day moving average of $79.37.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s dividend payout ratio is 50.51%.
TXN has been the subject of several research analyst reports. Barclays PLC reduced their price objective on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Vetr cut Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price on the stock. in a research report on Monday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $92.00 price objective on shares of Texas Instruments in a research report on Monday, April 17th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $93.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $85.96.
In related news, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold 257,685 shares of company stock valued at $20,816,827 in the last three months. 0.96% of the stock is owned by insiders.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
